Technology Is Constantly Evolving – There are plentiful opportunities available for investment in technology. Things move and evolve rapidly in the
tech world and new businesses are being created by passionate entrepreneurs every day. Technology is
much more than just electronic devices and broadband; it’s artificial intelligence, carbon capture technology,
fintech, and more. Here we will look at how you can get involved in the growing world of technology.
What Should You Invest In?
That’s the million-dollar question. There are so many ways to invest money and it can be hard to know which
investment is right for you that suits your short or long-term financial plans. There is no right answer as each
investment is unique to the investor. However, there is one thing that can have a big impact on your
investment portfolio: diversification.
Diversification is an effective way to mitigate risks as you are not investing everything in just one or two
companies. By spreading your investment around, should one investment underperform the chances are that
another will perform better. It’s not a cast-iron guarantee but it’s a sensible way to help protect your money.
One effective way of investing in technology and diversifying your portfolio at the same time is EIS.
Look at EIS Opportunities
Enterprise Investment Schemes (EIS) is a government-backed initiative designed to raise funds for early-stage
UK businesses from private investors. There are several advantages to investing in EIS, the main two being tax
relief and portfolio diversification. You can find out more about EIS investment funds from Oxford Capital,
with decades of investment experience they can guide you through the process. Funds invested in EIS are
spread across different start-up businesses leading to a more diverse portfolio for investors. This, therefore,
helps with mitigating the risks associated with investing in early-stage companies.
The Rise of AI
From its inception in fiction, films, and experts’ opinions AI has been a hot topic, never more so than recently.
Limitations in technology have been removed over the last decades and we are now at the point where AI is
being used day-to-day. Most recently AI has been applied to read mammograms, successfully identifying
cancer and almost halving the human workload. AI has the potential to do the work of two radiographers
faster and continuously. This has a real-world impact on quicker diagnosis and therefore earlier treatment for
people all over the world. AI will continue to become part of everyone’s reality and the potential for reward
from the right investment can be significant.
Look To The Metaverse
While still a fledgling technology the Metaverse has received significant investment already from some of the
world’s largest technology companies: Google, Microsoft, and Meta included. If this is an area that interests
you there are two places where you could consider investing: in the technology itself, or in equipment
designed to support the use of the technology.
If you are unfamiliar with the Metaverse, it is a virtual reality universe. It is possible to purchase assets within
the Metaverse itself, for example, buying virtual land or cryptocurrencies. You could also look to invest in
Meta, or some of the other invested tech giants, themselves. For the Metaverse to exist and succeed
it needs to be supported by hardware. Companies making chips or virtual reality headsets could also be
considered investments.
Whichever investment appeals to you the most it is worth remembering that this is new technology and as
such, there are risks associated with investing in innovation.
Other Future Technology
5G continues to be rolled out globally so investing in these stocks could be worth taking a closer look at. The
super-fast internet provided by 5G, to people and businesses, can also be used by other technologies like
driverless vehicles. Although there are plans in place to get 5G rolled out it is not yet that widespread so it is
worth proceeding with caution when investing in something like this.
Some technology that has been around for a while is seeing a surge in uptake and rollout. Technologies like
automation, 3D printing, and smart devices are now relatively commonplace whereas a decade ago they were
almost unheard of. If history is anything to go by, we are a world that embraces technology and some of the
latest innovations could even help combat climate change. As an investor, you should be paying close
attention to the technology sector as there are potentially lucrative opportunities.